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Indian Oil News: Today Holi is being celebrated in the country and abroad. All the companies are organizing some big event on this occasion. Sharing happiness. Meanwhile, India’s leading oil producer company Indian Oil has said a big thing. Discussion has started till West Bengal regarding this. Public sector oil marketing company Indian Oil Corporation (IOC) is keen to develop its existing Haldia refinery in West Bengal into a petrochemical complex. A company official said on Wednesday that the decision was taken to keep the operations profitable. He said that single refinery operation is not sustainable in terms of profitability. In such a situation, there is a plan to convert it into a petrochemical complex.
Officer gave information
The official said that we want to set up a petrochemical complex near the Haldia refinery, which currently has a capacity of 8.5 million tonnes per annum. IOC has sought land from Haldia Fertilizer Corporation (HFC), whose factory is lying closed, to develop a petrochemical complex. We have sought 175 acres of land from HFC. It is adjacent to the refinery and is leased by the Haldia Dock Complex (HDC) to the Ministry of Chemicals and Fertilizers. We are seeking land for a petrochemical project. The land is also needed for security purposes, as the refinery complex at Haldia has become congested. Responding to a question, an IOC official said several discussions have been held with the HDC but nothing has come out so far.
Adani has also given clarification on the matter
Let me tell you, Indian Oil had also clarified on the Adani case. Public sector petroleum company Indian Oil Corporation (IOC) on Thursday clarified on the initial agreement to link Adani Group’s port at Gangavaram in Andhra Pradesh with it for import of LPG, saying that it has a ‘lo-or-‘ with the group. Pay’ is not settled. In a statement issued after the announcement of its quarterly results, Adani Ports had said, “An MoU has been signed with IOC on a ‘Take-or-Pay’ agreement for construction of LPG storage facility at Gangavaram Port. ‘
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